Tuesday, August 7, 2012

Nokia
Corporation (ADR)(NYSE:NOK) extended its uptrend for the third
straight session and rose another 5.50% to $2.64, extending its 3-day gain to
16.50%. The stock has been showing high volatility over the past couple of
trading weeks with the stock had rebounded almost 62% from its 52-week low of
$1.63 on Jul 18, 2012.

How
Should Investors Trade NOK After recent Rebound, Get Free Trend Analysis

Although shares of NOK are trading sharply lower
from its year ago price, but investors are buying the stock on rumor that the
company may launch new Windows Phone 8 handsets in coming few weeks. However,
at the same time, market experts suggest that it would again be tough task for
the company with the new phone in pipeline as the industry’s leader Apple
Inc.(NASDAQ:AAPL) may unveil its iPhone 5. Nokia has been losing its glory in
the past few years as the company has completely struggled to survive in form
of its rivals Apple, RIMM and Google. The stock has already booked sharp losses
in the recent quarters. With the stock prices climbing every day, investors
need to trade NOK on cautious note.

Sirius
XM Radio Inc(NASDAQ:SIRI) shares continued to edge higher
for the third session as the company continued to raise its earnings guidance for
the full year on back of strong subscribers growth in the latest quarter. Sirius’
second quarter net income jumped 28% to $3.1 billion, boosted by a $3 billion
tax benefit. Adjusted EBIDTA jumped 28% from a year ago to $237 million. The
company now projects its EBIDTA to come in at $900 million in 2012, up $25
million from its last forecast. In the past quarter, Sirius XM added 622,000
subscribers last quarter, bringing its total to a record 22.9 million. The
company earned $3.13 billion, or 48 cents a share on revenue of $837.5 million.
In a year ago quarter, the company earned $179.4 million, or 3 cents.